Currently, there are 466.30M common shares owned by the public and among those 466.02M shares have been available to trade.
The company’s stock has a 5-day price change of -2.41% and 20.36% over the past three months. AMT shares are trading 3.14% year to date (YTD), with the 12-month market performance up to 19.00% higher. It has a 12-month low price of $154.58 and touched a high of $236.13 over the same period. AMT has an average intraday trading volume of 2.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.93%, 8.43%, and 12.91% respectively.
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Institutional ownership of American Tower Corp. (NYSE: AMT) shares accounts for 94.19% of the company’s 466.30M shares outstanding.
It has a market capitalization of $104.00B and a beta (3y monthly) value of 0.81. The stock’s trailing 12-month PE ratio is 41.82, while the earnings-per-share (ttm) stands at $5.32. The company has a PEG of 1.27 and the debt-to-equity ratio at 12.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.97% over the week and 2.30% over the month.
Earnings per share for the fiscal year are expected to increase by 117.19%, and -2.70% over the next financial year. EPS should grow at an annualized rate of 32.85% over the next five years, compared to 2.77% over the past 5-year period.
Looking at the support for the AMT, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on July 01, 2024, with the firm’s price target at $230. Raymond James coverage for the American Tower Corp. (AMT) stock in a research note released on May 01, 2024 offered a Strong Buy rating with a price target of $248. Mizuho was of a view on April 08, 2024 that the stock is Neutral, while HSBC Securities gave the stock Buy rating on December 14, 2023, issuing a price target of $245. Scotiabank on their part issued Sector Outperform rating on October 13, 2023.
